Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). The Hanover Insurance Group's share price for the quarter that ended in Dec. 2023 was $121.42. The Hanover Insurance Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 36 Mil. Therefore, The Hanover Insurance Group's market cap for the quarter that ended in Dec. 2023 was $4,347 Mil.
The Hanover Insurance Group's quarterly market cap
declined
from Jun. 2023 ($4,046 Mil) to Sep. 2023 ($3,973 Mil) but then
increased
from Sep. 2023 ($3,973 Mil) to Dec. 2023 ($4,347 Mil).
The Hanover Insurance Group's annual market cap
increased
from Dec. 2021 ($4,653 Mil) to Dec. 2022 ($4,811 Mil) but then
declined
from Dec. 2022 ($4,811 Mil) to Dec. 2023 ($4,347 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. The Hanover Insurance Group's Enterprise Value for Today is $5,232 Mil.
The Hanover Insurance Group Market Cap Historical Data
The historical data trend for The Hanover Insurance Group's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Hanover Insurance Group's Market Cap
For the Insurance - Property & Casualty subindustry, The Hanover Insurance Group's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Hanover Insurance Group's Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, The Hanover Insurance Group's Market Cap distribution charts can be found below:
* The bar in red indicates where The Hanover Insurance Group's Market Cap falls into.
The Hanover Insurance Group Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
The Hanover Insurance Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Hanover Insurance Group (NYSE:THG) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
The Hanover Insurance Group Market Cap Related Terms
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The Hanover Insurance Group (The Hanover Insurance Group) Business Description
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines and Other. The company operates an investment portfolio that is primarily exposed to fixed-income securities.
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